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Anadys Pharmaceuticals Reports Third Quarter 2007 Financial Results and Operational Highlights
Date:11/1/2007

28,119 26,813

Interest income and

other, net 864 1,189 2,855 3,402

Net income (loss) (2) $12,307 $(6,259) $(1,372) (19,142)

Net loss per share,

basic and diluted (2) $0.43 $(0.22) $(0.05) $(0.67)

Share used in

calculating net loss

per share, basic and

diluted 28,651 28,562 28,637 28,489

(1) Includes $77 and ($1,897) as additional (reduction in) research and

development expense, which represents an estimate of the net payable

due to (reimbursement by) Novartis of ANA975 research and development

costs for the three months ended September 30, 2007 and 2006,

respectively. Includes ($514) and ($3,423) as an offset in research

and development expense, which represents an estimate of the net

reimbursement by Novartis of ANA975 research and development costs for

the nine months ended September 30, 2007 and 2006, respectively.

(2) Includes non-cash operating expenses of $1,392 and $2,010 determined

in accordance with Statement of Financial Accounts Standards No.

123(R), "Share-Based Payment" (SFAS No. 123(R)) or approximately $0.05

and $0.07 effect on basic and diluted net income (loss) per common

share for the three months ended September 30, 2007 and 2006,

respectively. Research and development expense and general and

administrative expense includes $969 and $423 of non-cash operating

expenses determined in accordance with SFAS No. 123(R) for the three

months ended September 30, 2007. Includes non-cash operating expenses

of $3,502 and $4,951 determined in accordance with Financial Accounts

Standards Board Statement 123(R), "Share-Based Payment" or

approximately $0.12 and $0.17 effect on basic and diluted net l
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SOURCE Anadys Pharmaceuticals, Inc.
Copyright©2007 PR Newswire.
All rights reserved

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